Completions up by 4bn at PMS

Premier Mortgage Service has increased its mortgage completions by almost 4bn compared with the same period last year.

Figures from its half-year results show completions of 16.7bn from January to June, compared with 13bn last year. Applications in the first half of last year stood at 18bn, compared with 22.8bn in the first half of 2006.

PMS says the results puts it in a good position to achieve its full-year target of 44bn applications and 33bn of completions. It says it has been further encouraged in the first six months of the year by the excellent support it has received from the lenders on its panel and its database of directly authorised intermediaries.

PMS will shortly be moving to bigger premises in Birmingham to further develop its proposition.

John Malone, managing director of PMS, says: “Our half-year results are in line with what’s happening in the industry as a whole. It has surprised many how robust the property and mortgage markets have been since the start of the year.”